Stagwell Inc. $STGW Shares Sold by Ascent Group LLC

Ascent Group LLC decreased its position in shares of Stagwell Inc. (NASDAQ:STGW) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,720 shares of the company’s stock after selling 11,823 shares during the period. Ascent Group LLC’s holdings in Stagwell were worth $107,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Stagwell by 1.5% during the first quarter. Swiss National Bank now owns 178,100 shares of the company’s stock worth $1,078,000 after buying an additional 2,600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Stagwell by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,193 shares of the company’s stock worth $316,000 after buying an additional 3,249 shares during the period. Optimize Financial Inc increased its position in Stagwell by 15.1% during the first quarter. Optimize Financial Inc now owns 35,390 shares of the company’s stock worth $214,000 after buying an additional 4,635 shares during the period. Vident Advisory LLC acquired a new position in Stagwell during the first quarter worth approximately $64,000. Finally, AQR Capital Management LLC acquired a new position in Stagwell during the first quarter worth approximately $74,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Stock Performance

NASDAQ STGW opened at $5.50 on Thursday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.66 and a beta of 1.36. The business has a fifty day moving average of $5.50 and a 200-day moving average of $5.21. Stagwell Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $8.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.90.

Stagwell (NASDAQ:STGW) last released its earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $706.82 million during the quarter, compared to analyst estimates of $696.03 million. Stagwell had a negative net margin of 0.06% and a positive return on equity of 14.54%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, analysts predict that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

STGW has been the topic of several analyst reports. Zacks Research upgraded Stagwell from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Stagwell in a research note on Monday, July 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stagwell in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $6.36 target price on shares of Stagwell in a research note on Tuesday, July 22nd. Finally, Wall Street Zen downgraded Stagwell from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.17.

Stagwell Company Profile

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.